Buyer or Seller Market? πŸ˜οΈπŸ“ˆ Find Out Now!

Andy Schildhorn • July 19, 2024

πŸ“ž Book a call/meeting at a time convenient to you - 

 

Buyer’s or Seller’s Market? πŸ˜οΈπŸ’°πŸ” Stay Ahead! Find out what kind of market we're in and how it can affect your real estate decisions.

 

Here's a quick overview:

 

🏠 Buyer’s Market Indicators:

  • High Inventory Levels: Many options for buyers.
  • Longer Days on Market: Homes sit longer before being sold.
  • Lower Prices: Less competition drives prices down.
  • Negotiation Power: Buyers can negotiate better deals.


πŸ“ˆ Seller’s Market Indicators:

  • Low Inventory Levels: Few homes available.
  • High Demand: Properties move fast.
  • Higher Prices: Increased competition drives prices up.
  • Multiple Offers: Sellers see offers above asking price.

ο»Ώ

πŸ” Key Metric:

Sales to Active Listings Ratio: Measures the percentage of homes being sold against active listings. Above 20% is a seller’s market. Below 12% is a buyer’s market.

 

We are heading into a buyer's market. What do you think? Where do you see the market going in the next few months?

 

πŸ‘‰ Have questions or need help with your real estate plans? Use the link below to book a time at your convenience.

 

πŸ“§ [email protected]
πŸ“ž 778.835.8957
πŸ“… 
Book a Meeting with Andy
🌐 
www.AndytheRealtor.com


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Your Langley and Fraser Valley Realtor. 🏑

 

Thanks for watching, and see you next week! πŸ‘‹

 

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